El Paso ISD, Texas, to price $57.24 million school building bonds

By Sheri Kasprzak

New York, Nov. 21 - The El Paso Independent School District in Texas plans to sell $57,239,950 in series 2008A unlimited tax school building bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Southwest Securities as the senior manager. Citigroup Global Markets and Ramirez & Co. are the co-managers.

The sale includes $7,734,950 in premium capital appreciation bonds and $49.505 million in current interest bonds.

The capital appreciation bonds are due from 2009 to 2010, and the current interest bonds are due 2011 to 2019.

Proceeds will be used to refund a portion of the district's series 1999 bonds.

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